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1978-2018: Average CEO Pay Up 64% To $13.94 Million Average Worker Pay Up 2.6% To $38,613 Since the Bush Great Recession ended in 2009 corporate profits have grown at an annualized rate of 6.5%. Big bank profits have grown at even a higher rate. If we go back forty years we come up with the shocking figures in the headline. Since the end of the recession in 2009 yearly wage growth has never hit 3% while the Consumer Price Index has hovered around 2%. The Labor Department just announced that the CPI had increased to 2.9% in the last 12 months—the highest level in the last six years. Wages have not kept up. In 2000, labor’s share of the nation’s income came to 66% while corporations garnered in 8.3 % of the nation’s income. In 2018 corporate profits gained 13.2% of the nation’s income while labor’s share nosedived to 62%. A drop of 4% not much? It comes to $532 billion, or $3,400 for each worker. Bezos, Bathrooms, And Bottles … [Read more...] about American Paychecks